Reinsurance Technician

2 weeks ago

London, United Kingdom Harrison Holgate Full time

Our client, a Lloyd's Managing Agency, have an exciting new opportunity for a Senior Reinsurance Technician. Duties will include overseeing the reinsurance recovery collections processes to ensure that they are handled in a professional and efficient manner.You will be able to be involved all aspects of the administration of the outwards reinsurance programme, including the placement process in conjunction with the Underwriting departments and the Group Reinsurance Manager.
Applicants should have prior Reinsurance Technician experience. An understanding of LORS isn't essential, but would be beneficial.

**Responsibilities**:
Issuing of R/I orders (both Treaty and Fac) including ensuring accuracy of carrier identity both within the order and when confirmation of cover received, monitoring placement processes to ensure appropriate confirmation of cover is received in a timely basisand ensuring evidence of cover (including cover notes/wordings as appropriate) are consistent with the original placement order.
Data entry of reinsurance contracts including peer review sign off for control purposes.
Review of contract wordings to ensure data accuracy and recommend changes to enhance the policies.
Ensure that the team has recorded all of the data correctly, as well as ensuring that all documents are correctly loaded into the document management system, and record exceptions to monitor this.
Review of all of the exception reporting across the Reinsurance function to ensure that these are up to date and accurate to reflect the business requirements.
MI Reporting across the Group to ensure that all Reinsurance data is communicated across various teams within the group.

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